Wells Fargo Nearly Doubled Its Initial Goal to Support Service Members, Veterans; Donating $66 Million over Past Three Years

Wells Fargo celebrates National Veteran Small Business Week, Veterans
Day, Military Family Month

SAN FRANCISCO–(BUSINESS WIRE)–Wells
Fargo & Company (NYSE:WFC) announced that it has donated more
than $66 million to help service members, veterans, and their families
over the past three years — well surpassing its $35 million goal.

In November 2012, Wells Fargo pledged $30 million in property donations
to wounded veterans and an additional $5 million in donations to
military- and veteran- related nonprofits. The company also committed to
increasing veteran hiring initiatives and financial education. Wells
Fargo now has surpassed its original goal by more than $31 million.

Since November 2012, Wells Fargo has:

Donated or is in the process of donating to wounded veterans more than
300 properties valued at more than $49 million.

Donated nearly $17 million to military- and veteran- related
nonprofits.

Hired more than 4,800 veterans.

Participated in more than 650 military job fairs.

Launched Hands on Banking for Military®, a financial education
program that has been used by more than 100,000 people.

“While Wells Fargo has been committed to service members, veterans, and
their families for more than 163 years, we’ve really increased our
commitment and support over the past three years,” said Jerry Quinn,
Wells Fargo Military & Veteran Programs manager. “In 2016 and beyond, we
will remain committed to the three areas where we feel we can have the
greatest impact: empowering service members and veterans to succeed
financially through home ownership, career transition, and financial
education.”

Wells Fargo will take part in numerous activities throughout November to
celebrate National Veteran Small Business Week, Veterans Day and
Military Family Month. Several examples:

Wells Fargo is part of the Coalition for Veteran Owned Businesses and
will help support one of the organization’s goals — to increaseopportunities
for diverse suppliers. Wells Fargo’s Supplier Diversity program builds
relationships with diverse-owned businesses, including veterans, and
integrates those businesses into its supply chain.

Wells Fargo is a participating lender in the U.S. Small Business
Administration’s Veterans
Pledge Initiative, an industry-wide effort to increase SBA lending
to veteran small business entrepreneurs by 5 percent a year through
2017. Wells Fargo supports the SBA’s efforts to approve more SBA loans
for military veteran small business entrepreneurs who seek financing
and are ready to use credit for their business.

Wells Fargo is participating in numerous Veterans Day events across
the U.S., including sponsorship of the Salute to Service in San Diego
and participation in 11 parades across the U.S. Wells Fargo Home
Mortgage has invited veterans to ride inside the Wells Fargo
stagecoach during Veterans Day parades in Dallas, San Francisco,
Phoenix, San Antonio, and New York. These veterans have received
mortgage-free homes donated by Wells Fargo in collaboration with
Military Warriors Support Foundation and Operation Homefront. During
the San Francisco parade on Nov. 8, home donation recipient James
Gordon, an Army veteran, will receive the deed to his donated home,
signaling his completion of the financial education program that will
help him sustain homeownership.

Wells Fargo has provided more than $3 million in support for GRID
Alternatives, a nonprofit organization that makes solar power and
solar job training accessible in underserved communities, including
targeted support for its veteran’s job training initiative. This
Veterans Day, Wells Fargo volunteers will join GRID Alternatives and
veteran job trainees in three California communities — San Diego, Paso
Robles, and Riverside — to help install solar power panels for veteran
families.

Wells Fargo will offer three free financial educational webinars to
service members Nov. 10–12. Topics include purchasing a home, managing
credit, and budgeting and saving. The free online sessions are offered
through the Military
Mortgage Express® program. The instructor-led sessions
are open to all interested military members, veterans, and family
members. Participants have the opportunity to ask questions.
Registration at www.wellsfargo.com/rsvp
is required (use codes Mil1stHome, MilBudget, and MilCredit). Space is
limited; those interested are encouraged to register early.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified,
community-based financial services company with $1.8 trillion in assets.
Founded in 1852 and headquartered in San Francisco, Wells Fargo provides
banking, insurance, investments, mortgage, and consumer and commercial
finance through 8,700 locations, 12,800 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 36 countries to
support customers who conduct business in the global economy. With
approximately 265,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 30
on Fortune’s 2015 rankings of America’s largest corporations. Wells
Fargo’s vision is to satisfy our customers’ financial needs and help
them succeed financially. Wells Fargo perspectives are also available at Wells
Fargo Blogs and Wells
Fargo Stories.